Neutral Fed does little for the USD, boding well for higher gold prices
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Thursday, 29 July 2021
NZD/USD Outlook: Central Bank Divergence to Play a Key Role
Investors were left wanting more from the Fed as other central banks move towards adapting their monetary policy
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British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance
Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.
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US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed
The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.
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Wednesday, 28 July 2021
Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities
A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.
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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough
The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.
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Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears
Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.
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Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next
Gold prices are rising after the Federal Reserve rate decision, picking up gains during the Asia-Pacific session. Ahead, softer second-quarter US GDP data may further boost XAU/USD.
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How to Trade After a News Release
Looking to trade post release? Read on for more on approaching volatile conditions after news events.
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Australian Dollar Outlook: AUD/USD Eyes Trade Data After FOMC Weakness
The Australian Dollar is higher against the US Dollar after the Fed's interest rate decision. Export and import price data may provide some event risk in the Asia Pacific region today.
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US Dollar Outlook: DXY Whipsaws as Fed’s Powell Stays Evasive
US Dollar price action ripped-then-dipped around the latest Fed announcement and press conference from Chair Powell as markets digested a nod to goal progress that is not yet substantial.
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Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser
The Nasdaq 100 tiptoed higher following the July FOMC rate decision and accompanying press conference from Chairman Jerome Powell. Despite hints of hawkishness that saw the USD rise, stocks remain ...
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Oil Price Rebound Underpinned by Decline in US Crude Inventories
The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US crude inventories.
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Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering
Gold price action is dropping alongside a broadly stronger US Dollar following the Fed announcement as the central bank says progress toward goals have been made for tapering.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD
The USD set a fresh three-month-high and then spent the next week pulling back. Today brings the Fed - will USD bulls get back to work?
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How to Read a Candlestick Chart
Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.
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NZD/USD Rate Rebound Unravels Ahead of Federal Reserve Rate Decision
NZD/USD gives back the advance from the monthly low (0.6881) as the US Dollar outperforms against the commodity bloc currencies ahead of the Fed rate decision.
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Canadian Dollar Forecast: USD/CAD Drop on the Horizon
USD/CAD raising the risk of a pullback as eyes shift to CPI and FOMC.
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British Pound Q3 Fundamental Forecast
The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....